Why Cash Flowing Real Estate is Better than Development, with Andrew Schena

Passive Wealth Strategy Show - Real Estate for Busy Pros

Andrew Schena from Capital Equity Partners joins us to teach why buying existing, cash flowing real estate is superior to developing from the ground up. Andrew started his real estate career originally as a mortgage officer, and progressed to investing and developing real estate in Boston. He moved on to cash flowing real estate in lower cost markets, for reasons we’ll discuss in this episode.

Quotes:

“I'll play conservative and and I'd much rather be two years too early than two months too late”

“Do yourself a favor, peel off 50 K, if you have it in self directed, put it into a piece of real estate”

“A tax professional or CPA that focuses mainly on real estate investors and in the real estate business, they're going to know much more than the traditional CPA..”

Get in touch:

www.capequitypartners.com Other Similar Episodes:

The 5 Laws of Investing Success with Logan Freeman

Selecting markets for Long Term Investing with Greg Rand

Guest Bio:

Andrew brings an in-depth knowledge of real estate, investment syndication and business operations as a result of his 18 years of experience in the real estate industry. As a founding member of Capital Equity Partners (CEP), Andrew has spent the past 8 years sourcing, analyzing, structuring, syndicating and operating both development and cash-flowing asset strategies. Andrew has raised over $10.2 Million of private equity, and currently manages over $10.5 Million of development projects and $5.5 Million in multi-family cash flowing assets. He and his partners have developed and sold over $23.9 Million dollars of Boston real estate over the past 8 years. He is passionate about real estate, personal and professional growth, mindset, financial education, and his family. Andrew graduated from Quinnipiac University in 1999 and lives in Blackstone, MA with his wife Erin and 2 daughters, Madison and Ashley.